Wall Street jumped across the board after Donald Trump cemented his return to the White House, with Tesla among the big winners.
Wall Street’s main indexes soared to record highs, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.
Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. The price of bitcoin hit an all-time high above $US75,000, according to Coindesk, and was fetching $US74,797 at 5.10am AEDT. Companies in the crypto industry also jumped, including trading platform Coinbase’s 22.7 per cent leap.Stocks that are expected to perform well under a second Trump term posted strong gains, with Trump Media & Technology Group up 9.3 per cent.
The central bank is widely expected to ease benchmark interest rate by 25 basis points on Thursday. But, traders have begun to trim bets on the cuts expected next year.
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